Does real estate fund in Thailand provide diversification benefits for stock investment?

dc.contributor.author Nopphon Tangjitprom
dc.contributor.author Preechaya Chavalittumrong
dc.contributor.author Veeranuch Leelalai
dc.contributor.other Assumption University. Martin de Tours School of Management and Economics
dc.date.accessioned 2017-09-14T05:29:47Z
dc.date.available 2017-09-14T05:29:47Z
dc.date.issued 2016
dc.description In English ; only abstract in English. en_US
dc.description.abstract The real estate investment has been an alternative investment as a diversifier for traditional investment like the stock market. Previous studies have shown the diversification benefits of real estate investment for stock portfolios. This paper aims to examine whether and to what extent real estate funds can provide diversification benefits to investors. The information of stock returns and real estate funds in Thailand was gathered for the period during 2007 and 2015. The results show that there is no diversification benefit in terms of hedge or safe haven from real estate funds in Thailand. However, the average beta of real estate funds is relatively low and the risk-return performance of real estate funds remains attractive to be included in the portfolio. en_US
dc.format.extent 8 pages en_US
dc.format.mimetype application/pdf en_US
dc.identifier.citation AU Journal of Management 14, 2 (July-December 2016), 26-33 en_US
dc.identifier.issn 1686-0039
dc.identifier.uri https://repository.au.edu/handle/6623004553/19842
dc.language.iso eng en_US
dc.publisher Assumption University en_US
dc.rights This work is protected by copyright. Reproduction or distribution of the work in any format is prohibited without written permission of the copyright owner. en_US
dc.subject Diversification en_US
dc.subject Real estate investment en_US
dc.subject Alternative investment en_US
dc.subject Safe haven en_US
dc.subject Property fund en_US
dc.subject.other AU Journal of Management
dc.subject.other AU Journal of Management -- 2016
dc.title Does real estate fund in Thailand provide diversification benefits for stock investment? en_US
dc.type Text en_US
mods.genre Journal Article en_US
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